MasterCraft Boat (MCFT) Expected to Announce Earnings on Thursday

MasterCraft Boat (NASDAQ:MCFT) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect MasterCraft Boat to post earnings of $0.01 per share and revenue of $60.79 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

MasterCraft Boat (NASDAQ:MCFT) last released its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a positive return on equity of 6.55% and a negative net margin of 1.08%. The business’s revenue was down 37.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. On average, analysts expect MasterCraft Boat to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MasterCraft Boat Stock Up 0.8 %

Shares of MCFT opened at $17.98 on Wednesday. The firm has a fifty day moving average price of $19.11 and a 200-day moving average price of $18.99. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $302.06 million, a P/E ratio of -78.17 and a beta of 1.67. MasterCraft Boat has a 12-month low of $16.12 and a 12-month high of $24.05.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCFT. StockNews.com upgraded shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a research note on Tuesday. Truist Financial reduced their price objective on MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. DA Davidson upped their target price on MasterCraft Boat from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, B. Riley raised their price target on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.75.

Insider Activity

In other news, major shareholder Coliseum Capital Management, L acquired 53,853 shares of MasterCraft Boat stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $18.87 per share, for a total transaction of $1,016,206.11. Following the purchase, the insider now directly owns 3,426,523 shares in the company, valued at $64,658,489.01. The trade was a 1.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.00% of the company’s stock.

About MasterCraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.